$1.25 Earnings Per Share Expected for Autodesk, Inc. (NASDAQ:ADSK) This Quarter

Equities analysts expect that Autodesk, Inc. (NASDAQ:ADSK) will post earnings per share (EPS) of $1.25 for the current quarter, according to Zacks. Five analysts have made estimates for Autodesk’s earnings, with estimates ranging from $1.22 to $1.27. Autodesk posted earnings per share of $1.04 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.2%. The firm is scheduled to issue its next earnings results on Tuesday, November 23rd.

On average, analysts expect that Autodesk will report full-year earnings of $4.97 per share for the current financial year, with EPS estimates ranging from $4.94 to $5.01. For the next year, analysts expect that the business will post earnings of $7.23 per share, with EPS estimates ranging from $6.99 to $7.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Autodesk.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, August 24th. The software company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Autodesk had a net margin of 32.54% and a return on equity of 69.10%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share.

ADSK has been the subject of a number of research reports. Morgan Stanley dropped their price objective on shares of Autodesk from $334.00 to $324.00 and set an “equal weight” rating for the company in a report on Thursday, September 2nd. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating and set a $324.00 price objective for the company in a report on Wednesday, July 28th. Guggenheim reiterated a “hold” rating on shares of Autodesk in a report on Monday, September 6th. Canaccord Genuity raised their price objective on shares of Autodesk from $260.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, August 26th. Finally, Rosenblatt Securities raised their price objective on shares of Autodesk from $320.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, August 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Buy” and a consensus target price of $330.11.

NASDAQ ADSK traded down $2.53 during trading hours on Friday, reaching $288.15. The company’s stock had a trading volume of 2,113,625 shares, compared to its average volume of 1,316,793. The firm has a fifty day simple moving average of $310.35 and a 200-day simple moving average of $291.79. The stock has a market cap of $63.35 billion, a P/E ratio of 49.07, a P/E/G ratio of 2.81 and a beta of 1.32. Autodesk has a 52 week low of $215.83 and a 52 week high of $344.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.50.

In related news, CAO Stephen W. Hope sold 262 shares of the stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $286.46, for a total value of $75,052.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Anagnost sold 23,957 shares of the stock in a transaction on Thursday, August 26th. The stock was sold at an average price of $315.44, for a total value of $7,556,996.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,134 shares of company stock valued at $9,917,059. Insiders own 0.11% of the company’s stock.

Large investors have recently modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in Autodesk during the 2nd quarter valued at $27,000. Evoke Wealth LLC lifted its stake in Autodesk by 84.6% during the 1st quarter. Evoke Wealth LLC now owns 192 shares of the software company’s stock valued at $53,000 after acquiring an additional 88 shares in the last quarter. Monetary Management Group Inc. bought a new position in Autodesk during the 2nd quarter valued at $58,000. Evermay Wealth Management LLC bought a new position in Autodesk during the 2nd quarter valued at $60,000. Finally, Burleson & Company LLC bought a new position in Autodesk during the 1st quarter valued at $65,000. Institutional investors and hedge funds own 85.14% of the company’s stock.

About Autodesk

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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